Peru

Contact Carolina Cueva Partner Head of Compliance CMS Grau The updated anti-bribery standard introduces new areas of focus: conflicts of interest, compliance culture and climate-related factors as part of the risk context. The publication of the new ISO 37001:2025, the international standard for Anti-Bribery Management Systems, marks the beginning of a mandatory transition process for all organisations certified under ISO 37001:2016. According to the International Accreditation Forum (IAF), the transition must be completed by 28 February 2027 to ensure continuity of certification. For Carolina Cueva, Partner in Compliance and Internal Investigations at CMS Grau, the change is significant: “This is not merely a cosmetic update. ISO 37001:2025 raises the bar for anti-bribery risk management and places greater emphasis on evidence: how risks are managed in practice, how conflicts of interest are prevented, and how genuine the organisation’s culture of integrity really is.” What is changing and why does it matter? The new version introduces enhancements aimed at strengthening the effectiveness of anti-bribery management systems and their integration with corporate governance. One of the most significant changes is the more robust approach to conflicts of interest management, with clearer requirements regarding the identification, monitoring, control and transparency of conflict situations. In addition, the standard reinforces the importance of fostering a strong compliance culture, linking the performance of the anti-bribery management system to leadership, decision-making processes and organisational conduct. “The standard sends a clear message: having policies in place is no longer enough. Organisations must be able to demonstrate that those policies are effective, implemented in practice and actively supported by leadership,” explains Carolina Cueva. A notable new feature is the inclusion of climate change considerations within the organisation’s context and risk assessment process. “This update acknowledges that the operating environment, including climate-related factors, can influence pressures, decisions and risks. It signals the direction in which standards are evolving: compliance that is more integrated, more preventive and more closely connected to the broader context,” she adds. Next steps: the real risk is waiting Although the deadline extends until 2027, specialists recommend starting the transition process early to avoid bottlenecks in follow-up audits conducted by certification bodies. Organisations should also take into account the internal adjustments required to their management systems. Key steps include conducting a gap assessment, updating documentation and controls, and planning the transition with the certification body. “The greatest risk is leaving it until the last minute. Many organisations underestimate the time required to align processes, evidence and internal training. A well-managed transition not only avoids certification-related issues but also strengthens the organisation’s integrity framework.” The ISO 37001:2025 update also presents an opportunity for organisations to review and modernise their anti-bribery prevention programmes through a more integrated and cross-functional approach. “Those who use this transition as an opportunity to strengthen governance and risk management will be better prepared for audits, third-party requirements and increasingly demanding compliance standards,” concludes the CMS Grau Partner.

Payet, Rey, Cauvi, Pérez Abogados announces the appointment of María del Pilar Sabogal as a new Partner in the Corporate practice group, a strategic lateral hire that strengthens the finance and projects practice and reaffirms the firm’s leadership position in the legal market. María del Pilar brings a strong track record and deep expertise in structuring complex financings, capital markets transactions —both domestic and international— and infrastructure project development, further expanding the firm’s capacity to advise on sophisticated, high-impact transactions. Her infrastructure project experience includes advising on the structuring and implementation of project financing, joint ventures, investment and divestiture processes, EPC Contracts, operation and maintenance agreements, as well as strategic commercial advisory to concession companies in their dealings with lenders, contractors, government entities, and other market participants. Prior to joining the firm, María del Pilar served as Lead Partner at EY Law. Regarding her appointment, María del Pilar Sabogal stated: "I am excited to join a firm with such a strong track record, a differentiated value proposition, and clear market leadership. This move represents a tremendous opportunity to continue building on an already established finance and projects practice, with the goal of advising our clients on their most complex and strategically significant transactions." Juan Antonio Egüez, co-managing partner of the firm, noted: "María del Pilar Sabogal is a lawyer with wide recognition in the market. Her experience in finance, capital markets, and infrastructure fits naturally into an already established practice, and enables us to continue deepening our value proposition in an area that is strategically important for both the firm and our clients." María del Pilar’s appointment became effective as of June 1, 2026. About Payet, Rey, Cauvi, Pérez Abogados Founded in 1996, Payet, Rey, Cauvi, Pérez Abogados is one of the leading law firms in Peru, with extensive experience in delivering high value-added services across the various areas related to business activities. The firm offers a full-service practice covering all key areas relevant to business activities, including mergers and acquisitions, banking and finance, capital markets, project finance, infrastructure, real estate, foreign investment and privatizations, antitrust and competition, privacy and personal data protection, natural resources, environmental law, administrative and regulatory law, intellectual property, tax law, labor law, dispute resolution, and white-collar criminal law.

The international law firm CMS continues to strengthen its Arbitration practice in Ibero-America with the launch of the Ibero-American Arbitration Group (IAG), an initiative that responds to a context in which arbitration has gained increasing relevance in corporate transactions, infrastructure projects, and contracts involving significant technical and financial complexity, particularly in sectors such as energy, construction, mining, telecommunications, and banking. Lima, May 28, 2026 – The growing complexity of business operations and the internationalization of commercial relationships have consolidated arbitration as a key mechanism for resolving disputes that are becoming increasingly complex, cross-border, and with a high economic and reputational impact for companies. In addition, the evolution of business contracts themselves—now increasingly extensive and sophisticated, structured in accordance with international practices and standards, and governed by their own contractual framework—further reinforces this trend. Their proper interpretation requires proven practical experience, as well as a thorough analysis of documentary and expert evidence, which makes arbitration a particularly suitable framework for this type of litigation. In this context, the creation of the Ibero-American Arbitration Group (IAG) by the international firm CMS strengthens an already consolidated and well-recognized arbitration practice in the region, characterized by its strategic approach, sector-specific expertise, and its ability to coordinate teams across multiple jurisdictions. The IAG is led by José María Rojí, partner at CMS Spain, and Rodrigo Campero, partner at CMS Chile, and brings together specialists from CMS offices across Ibero-America. In Peru, the group includes the participation of CMS Grau partners Luis Alberto Liñán and Karina Urquizo, who represent the firm in this regional initiative. The team advises on all stages of arbitration, from drafting and negotiating arbitration agreements to conducting domestic and international proceedings, appearing before courts in support of arbitration, and the recognition and enforcement of arbitral awards. Likewise, its professionals act both as counsel and arbitrators, providing a comprehensive and practical perspective on dispute resolution. One of the main pillars of the practice is its sector-specific focus, with recurring experience in disputes related to sectors such as energy, infrastructure, construction and engineering, banking and financial services, insurance, telecommunications, technology, healthcare and life sciences, real estate and tourism, among others. This specialization allows the team to understand not only the applicable regulatory framework, but also the operational and strategic challenges specific to each industry. The Ibero-American Arbitration Group also promotes close collaboration between CMS offices in Europe and Latin America, strengthening the firm’s ability to provide integrated advisory services in international arbitration and complex cross-border disputes.   END For more information about CMS, visit https://cms.law/es/per/ CMS Grau is a full-service firm with an international reach. In Peru, it has over 90 years of experience and a multidisciplinary team that provides legal advice across more than 20 areas of law, with a practical and consistent approach tailored to clients’ industries and jurisdictions. International directories such as The Legal 500 and Chambers & Partners recognize the firm’s work. Recently, it was nominated as “Peru Law Firm of the Year” at the Chambers and Partners Latin America Awards 2026.   For more information about this press release, please contact:   Jazmin Mateo   External and Internal Communications   Email: [email protected]   CMS impulsa su apuesta por el arbitraje con el lanzamiento de su Grupo Iberoamericano de Arbitraje con presencia en Perú La firma internacional CMS continúa fortaleciendo su práctica de Arbitraje en Iberoamérica con el lanzamiento del Grupo Iberoamericano de Arbitraje (GIA), una iniciativa que responde a un contexto en el que el arbitraje ha adquirido una mayor relevancia en operaciones corporativas, proyectos de infraestructura y contratos de alta complejidad técnica y financiera, especialmente en sectores como energía, construcción, minería, telecomunicaciones y banca. Lima, 28 de mayo de 2026 – La creciente complejidad de las operaciones empresariales y la internacionalización de las relaciones comerciales han consolidado al arbitraje como un mecanismo clave para la resolución de controversias que están siendo más complejas, transfronterizas y con alto impacto económico y reputacional para las empresas. A ello se suma la evolución de los propios contratos empresariales, cada vez más extensos y sofisticados, estructurados conforme a prácticas y estándares internacionales y dotados de un régimen contractual propio. Su correcta interpretación exige una experiencia práctica acreditada, así como un análisis exhaustivo de la prueba documental y pericial, lo que sitúa al arbitraje como un marco especialmente adecuado para este tipo de litigios. En este contexto, la creación del Grupo Iberoamericano de Arbitraje - GIA de la firma internacional CMS refuerza una práctica de arbitraje ya consolidada y reconocida en la región, caracterizada por su enfoque estratégico, conocimiento sectorial y su capacidad para coordinar equipos en múltiples jurisdicciones. El GIA está liderado por José María Rojí, socio de CMS España, y Rodrigo Campero, socio de CMS Chile, y reúne a especialistas de las distintas oficinas de CMS en Iberoamérica. En Perú, el grupo cuenta con la participación de los socios de CMS Grau Luis Alberto Liñán y Karina Urquizo, quienes representan a la firma en esta iniciativa regional. El equipo asesora en todas las fases del arbitraje, desde la redacción y negociación de convenios arbitrales hasta la dirección de procedimientos nacionales e internacionales, la actuación ante tribunales de apoyo al arbitraje y el reconocimiento y ejecución de laudos. Asimismo, sus profesionales actúan tanto como abogados de parte como árbitros, aportando una visión integral y práctica de la resolución de controversias. Uno de los principales ejes de la práctica es su enfoque sectorial, con una experiencia recurrente en disputas vinculadas a sectores como energía, infraestructuras, construcción e ingeniería, financiero y bancario, seguros, telecomunicaciones, tecnología, salud y ciencias de la vida, inmobiliario y turismo, entre otros. Esta especialización permite al equipo comprender no solo el marco normativo aplicable, sino también los retos operativos y estratégicos propios de cada industria. El Grupo Iberoamericano de Arbitraje promueve además una colaboración estrecha entre las oficinas de CMS en Europa y América Latina, fortaleciendo la capacidad de la firma para brindar asesoría integrada en arbitrajes internacionales y disputas complejas de carácter transfronterizo. FIN Para más información sobre CMS visite https://cms.law/es/per/ CMS Grau es una firma full-service con alcance internacional. En Perú, cuenta con más de 90 años de trayectoria y un equipo multidisciplinario que brinda asesoría legal en más de 20 áreas del derecho, con un enfoque práctico y consistente según la industria y jurisdicción de sus clientes. Directorios internacionales como The Legal 500 y Chambers & Partners reconocen el trabajo de la firma. Recientemente, fue nominada como “Peru Law Firm of the Year” en Chambers and Partners Latin America Awards 2026. Para más información sobre este comunicado, por favor, contacte con: Jazmin Mateo Comunicación externa e interna E-mail: [email protected]  

Lima, April 2026. – CMS Grau has announced the appointment of Kiomi Osorio as a partner, in a move that strengthens its capabilities in mergers and acquisitions (M&A) and structured finance, consolidating its position in the Peruvian legal market for highly complex and sophisticated transactions. In this way, CMS Grau is strengthening its Corporate and M&A team, which will now comprise five partners and ten associates, bolstering its capacity for complex transactions with a strategic, efficient approach aligned with the demands of the Peruvian legal market. Kiomi joins the law firm, bringing the total number of partners to 27, with the aim of contributing his extensive knowledge and experience in the mergers and acquisitions sector.   According to media reports, the deals market got off to a very dynamic start in 2026, with around 15 transactions worth USD 3.2 billion in the first two months, representing a 2,413% increase compared to the first two months of the previous year.   “Kiomi joins the firm at a key moment for the development of the deal market in the country. Her experience, strategic vision and ability to lead complex transactions reinforce our value proposition and our commitment to supporting our clients in their most important decisions,” commented Rolando Cevasco, managing partner at CMS Grau.   For his part, Miguel Viale, partner in the Corporate and M&A practice at CMS Grau, highlighted the strengthening of a key practice for the firm, with high expectations for significant growth in the country’s current context. “Sectors such as mining, energy, technology and agribusiness will drive M&A activity in Peru towards the second half and the end of 2026, so having a professional with Kiomi’s track record and experience will be essential to continue supporting our clients in increasingly sophisticated and high-value transactions,” he noted.   For Kiomi, this is a challenge she takes on with great enthusiasm and a commitment to contributing to the growth of the firm and the practice area. “I am joining CMS Grau at a dynamic moment in the market, with the objective of continuing to develop complex transactions that integrate M&A and Finance, supporting clients in their strategic investment and financing decisions.” she said.   Throughout her career, she has advised local and international clients on corporate and financial transactions, including mergers and acquisitions, project finance, acquisition finance and capital markets transactions, many of which involve multi-jurisdictional elements and complex financing and investment structures. Her practice is distinguished by its integration of M&A and finance in the structuring and execution of transactions, enabling comprehensive approach to deals where investment, financing and execution converge, advising both sponsors and financial institutions.   With this appointment, CMS Grau continues to strengthen its corporate practice, one of the firm’s most dynamic, in a context where companies demand comprehensive advice with an international focus.   In recent years, the mergers and acquisitions market in Peru has shown sustained growth, driven by companies’ need to adapt to new regulatory environments, access financing and explore growth opportunities. In this context, having specialist advice is key to structuring efficient and sustainable transactions.   Kiomi’s appointment forms part of CMS Grau’s growth strategy, aimed at consolidating high-calibre teams and continuing to position itself as one of the country’s leading law firms, offering a comprehensive range of services and a client-focused approach.   About CMS Grau CMS Grau is one of Peru’s leading law firms, with over 90 years’ experience in providing comprehensive legal advice. According to The Legal 500, CMS Grau ranks among the country’s top 10 law firms. It boasts a large team of specialist professionals who deliver innovative solutions tailored to their clients’ needs across more than 20 practice areas. The firm’s corporate culture has successfully adapted to the times to provide a wide range of platforms and innovative legal solutions for its clients, taking into account their sector and jurisdiction. For further information, visit cms.law   Press contact:   Yvanna Bernasconi [email protected] 981 517 935 Tomás Mesía Solano [email protected] 981 517 365       CMS Grau anuncia la incorporación de Kiomi Osorio como socia, potenciando el área Corporativa y M&A   Lima, abril de 2026. – CMS Grau anunció la incorporación de Kiomi Osorio como socia, en un movimiento que refuerza sus capacidades en fusiones y adquisiciones (M&A) y financiamientos estructurados, consolidando su posicionamiento en el mercado legal peruano en operaciones de alta complejidad y sofisticación. De esta manera, CMS Grau potencia su equipo de Corporativo y M&A, que estará ahora conformado por 05 socios y 10 asociados, fortaleciendo su capacidad en transacciones complejas con un enfoque estratégico, eficiente y alineado a las exigencias del mercado legal peruano.   Kiomi se suma al estudio jurídico, incrementando a 27 el número total de socios de la firma, y con la visión de aportar con su amplio conocimiento y experiencia en el sector de fusiones y adquisiciones.   Según información difundida en medios, el mercado de deals inició el 2026 muy dinámico, con alrededor de 15 transacciones por un valor de USD3,200 millones en el primer bimestre, lo que representa un crecimiento de 2,413% respecto a los dos primeros meses del año anterior.   “Kiomi se suma a la firma en un momento clave para el desarrollo del mercado de deals en el país. Su experiencia, visión estratégica y capacidad para liderar transacciones complejas refuerzan nuestra propuesta de valor y nuestro compromiso de acompañar a nuestros clientes en sus decisiones más relevantes”, comentó Rolando Cevasco, managing partner de CMS Grau.   Por su parte, Miguel Viale, socio del área Corporativa y M&A de CMS Grau, destacó el fortalecimiento de una práctica clave para la firma y con altas expectativas de crecimiento en el contexto actual del país. “Sectores como minería, energía, tecnología y agroindustria impulsarán la actividad de M&A en el Perú hacia la segunda mitad y el cierre de 2026, por lo que contar con una profesional de la trayectoria y experiencia de Kiomi será fundamental para seguir acompañando a nuestros clientes en transacciones cada vez más sofisticadas y de alto valor”, señaló.   Para Kiomi, es un reto que asume con mucho entusiasmo y compromiso de contribuir al crecimiento de la firma y el área. “Me incorporo a CMS Grau en un momento dinámico del mercado, con el objetivo de seguir desarrollando operaciones complejas que integran M&A y Finance, acompañando a nuestros clientes en decisiones estratégicas de inversión y financiamiento.”, expresó.   A lo largo de su experiencia ha asesorado a clientes locales e internacionales en operaciones corporativas y financieras, incluyendo fusiones y adquisiciones, financiamiento de proyectos, acquisition finance y transacciones de mercado de capitales, muchas de ellas con componente multijurisdiccional y estructuras complejas de financiamiento e inversión. Su práctica se distingue por integrar M&A y Finance en la estructuración e implementación de transacciones, permitiendo una asesoría completa en operaciones donde convergen inversión, financiamiento y ejecución, tanto para sponsors como para entidades financieras.   Con esta incorporación, CMS Grau continúa reforzando su práctica corporativa, una de las más dinámicas de la firma, en un contexto donde las empresas demandan asesoría integral y con enfoque internacional.   En los últimos años, el mercado de fusiones y adquisiciones en el Perú ha mostrado una evolución sostenida, impulsada por la necesidad de las empresas de adaptarse a nuevos entornos regulatorios, acceder a financiamiento y explorar oportunidades de crecimiento. En este escenario, contar con asesoría especializada resulta clave para estructurar transacciones eficientes y sostenibles.   La incorporación de Kiomi forma parte de la estrategia de crecimiento de CMS Grau, orientada a consolidar equipos de alto nivel y seguir posicionándose como una de las firmas legales líderes del país, con una oferta integral de servicios y un enfoque centrado en el cliente.         Sobre CMS Grau CMS Grau es una de las firmas legales más importantes en Perú con más de 90 años de experiencia en asesoría legal integral. Según The Legal 500, CMS Grau se encuentra dentro de las 10 firmas legales más importantes del país. Cuenta con un grupo amplio de profesionales especializados que brindan soluciones innovadoras de acuerdo con las necesidades de sus clientes en más de 20 áreas de práctica. La cultura corporativa de la firma legal ha sabido adaptarse a los tiempos para brindar un amplio espectro de plataformas y soluciones legales innovadoras para sus clientes, teniendo en cuenta su sector y jurisdicción. Para más información, visite cms.law     Contacto de prensa:  Yvanna Bernasconi [email protected] 981 517 935 Tomás Mesía Solano [email protected] 981 517 365